SBI plans to raise $533 million for VC funds
SBI Holdings, the Japanese financial services firm, plans to raise some JPY49 billion ($533 million) by issuing new shares to finance expansion of the venture capital business it has formed in partnership with regional players in China and other emerging markets.
The firm said in a statement that the recent global financial turmoil is rather a good opportunity for investment. Meanwhile, SBI plans to debut on the Hong Kong Stock Exchange in the near future to strengthen...
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